Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Maarten Construct KH29 from Sint-Gillis-Waas, company number BE0442380574, closed financial year 2025 with a result of € -21,968 after tax. For that financial year Maarten Construct KH29 recorded a gross margin of € 300,264 and equity of € 536,067. Compared with financial year 2024, the result moved from € -51,246 to € -21,968. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 536,067
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -21,968
▲ 57 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5,716
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -174,876.
People and assets in 2025
3.6
Average over the fiscal year, from the social balance sheet.
€ 279,849
▼ 6% vs 2024
€ 77,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 125,678
▲ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 85,140
▼ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,319
▼ 18% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 355,824 | € 444,797 | € 282,997 | € 300,264 | ▲ 6% |
| Profit after taxes | € 76,667 | € 84,986 | € -51,246 | € -21,968 | ▲ € 29,279 |
| Equity | € 524,294 | € 609,281 | € 558,034 | € 536,067 | ▼ 4% |
| Total debts | € 330,457 | € 273,239 | € 265,575 | € 236,137 | ▼ 11% |
| Cash | € 12,980 | € 39,699 | € 16,431 | € 5,716 | ▼ 65% |
| Land & buildings | € 156,600 | € 161,778 | € 160,887 | € 159,996 | ▼ 1% |
| Retained profit | € -186,648 | € -101,662 | € -152,908 | € -174,876 | ▼ € 21,968 |
| Bank debt | € 221,979 | € 158,023 | € 125,000 | € 125,678 | ▲ 1% |
| Balance sheet total | € 854,751 | € 882,520 | € 823,609 | € 772,204 | ▼ 6% |
| Employees (FTE) | 3.7 | 4 | - | 3.6 |
Key figures of Maarten Construct KH29, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Maarten Construct KH29?
What happened at Maarten Construct KH29 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 21,968. Source: NBB ↗
- Maarten Construct BV became a director. NBB
- New establishment in Sint-Gillis-Waas. KBO
- Start of the company according to the CBE. KBO
In short
From € 76,667 profit in 2022 to € 21,968 loss in 2025.
Paid € 4 in corporate taxes since 2022.
Best year ever: 2023, with € 84,986 profit.
On average € 83,400 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of MAARTEN CONSTRUCT, SUPPORT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Maarten Construct KH29Behind Maarten Construct KH29 is Maarten Construct BV. The shares are held by MAARTEN CONSTRUCT (100%) and SUPPORT (14.6%).
Directors
According to the 2025 annual accounts
Director · represented by Pauwels Maarten
since 2025
Shareholders
100%
14.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kluizenhof(SGW) 29
9170 Sint-Gillis-Waas
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0442.380.574
- VAT number
- BE 0442.380.574
- Registered office
- Kluizenhof(SGW) 29, 9170 Sint-Gillis-Waas
- Names & denominations
- Maarten Construct KH29
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 November 1990
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
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